Willowbrook Apartments

The Property:
Willowbrook Apartments is a broken condo property. Only 38 of the original condos were sold after completion in 1980, and the remaining 112 were purchased by the seller from the bank.

Opportunities and Challenges:
Willowbrook is a unique, low-density site located immediately adjacent to Nike world headquarters. Its outstanding location and long-term ownership resulted in an exceptional value-add opportunity. The property had been managed for occupancy and had limited capital improvements. Rents at the property were below market.

Results:
HFO was able to lean on our team’s extensive 160 years of collective experience in multifamily brokerage to complete one of the most complicated transactions ever handled by our office. We tapped our vast network of investors and located similarly experienced buyers who understood the many complexities of the deal. We worked closely with the buyers to work through the property’s broken condo rules (and lack of rules) to get the transaction across the finish line. The property’s new owners plan to update units and increase rents to market rate.

HFO Quote

I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

G. Weakly, Vancouver, WA

My experience with HFO was very, very positive.

L. Kaslofsky, San Francisco, CA

HFO doesn't lead sellers into unrealistic expectations of pricing. They are exceptional and advocate for both buyers and sellers' interest.

Doug R., Reno, NV

Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

Paul H., Lake Oswego, OR

I like that HFO focuses solely on multifamily and does it really well. I like the blog and appreciate HFO-TV. HFO has the experience and focus to get me the best multifamily deal. I wouldn't use anyone else.

Kenny G., West Linn, OR

HFO’s insight, knowledge of the property purchased was extremely valuable. It was a complicated 1031 exchange and the communication was spot on. I have already referred HFO to others.

Don O., Hillsboro, OR

HFO really knows the Portland area and will be able to find the right deal for you.

David P., Hong Kong

My listing was in a smaller market and HFO did a great job of finding buyers. They also did an excellent job handling all the backroom financials and documents.

Lee S. Keizer, OR

HFO did a great job – they are well connected. I got quality advice from Rob and Cody that wasn’t self-serving.

Dennis C., Spokane Valley, WA

Rand is awesome, great to work with. He works hard and follows up. The process was smooth and well organized.

Gary G., Puyallup, WA

HFO sets itself apart as a firm that has agents with the honesty and integrity to be trusted, close in a timely fashion and meet the needs of both buyer and seller.

Andrew F., Salem, OR

Since 2006, HFO has consistently been recognized by CoStar as one of Portland Metro's Top Five Commercial Real Estate Brokerage firms based on transaction volume. In March of 2020, HFO once again earned this distinction for the 2019 calendar year.

CoStar Group

I have brokers calling me all the time. Greg Frick is the only one I’ve talked with who left me feeling smarter after the conversation. I’ve become a loyal client of HFO.

John E., Portland, OR

HFO is a very well run brokerage and goes above and beyond in providing information to investors. I really like their roundtables, market updates and podcasts.

Rachel S., Menlo Park, CA

HFO is professional, knowledgeable and honest. They get it done.

Michael K., San Francisco, CA

HFO has always been there for me with my many complicated commercial real estate questions, and provided great broker opinions of value year after year along with expert advice. I continue to value your input as industry leaders and innovators in the commercial arena. I’ve been to HFO’s conferences, watched HFO-TV, and read their communications to inform me as an owner/manager. I appreciate the HFO team and the way they have always looked out for us and gone the extra mile in service!

S.V., Seattle, Washington

There were many landmines in my transaction, and I am glad to have hired HFO because they handled it well. HFO is the only company my wife and I would recommend.

J. Eichler, Mesa, AZ

For the tenth year in a row, HFO Investment Real Estate is one of Portland's top philanthropic corporations. (2019)

The Portland Business Journal

HFO does a great job on the web and email keeping owners posted on the whole political scene.

Richard R., Palm Desert, CA

I appreciated Adam’s responsiveness, experience, and knowledge.

Itzik S., Eugene, OR

I am such a fan of HFO. HFO is night and day better than the firm we used before and I am 100% loyal to them.